On the annual industry day, which has been held in the Nordic House in Tórshavn, Vónin was chosen to be the Faroese company of the year 2011. This is not the first time Vónin has received this honour, because in 2002 Vónin was also chosen to be the coampany of the year.

Hjalmar Petersen managing director and Olaf Olsen co-founder and member of the board were there to receive the award.

Apart from looking at the financial results over the last couple of years, the judging panel also looks if the companies have shown aspiration and courage on different areas, and if this has resulted in development and growth of the company. This includes production, export, education or product- and service development.

Vónin was established in 1969 and has become one the world leading suppliers of fishing gear and aquaculture equipment.

In addition to having three branches in the Faroe Islands, Vónin also has five branches in Greenland and one in Canada. Vónin also has a sister company in Norway, called Refa Frøystad Group.